A new Eurostat report out today shows that average rents in Ireland increased by 115 per cent between 2010 and 2025. The figures reveal an increase of more than four times the EU average, which saw a rise of 27.8 per cent in the same period.
The figures show that in the first quarter of 2025, house prices in the EU rose by 5.7%, while rents increased by 3.2% compared with the same quarter of 2024.
Compared with the fourth quarter of 2024, house prices increased by 1.4% and rents by 0.9%.
Eurostat said that between 2010 and the first quarter of 2025, house prices in the EU increased by 57.9% and rents by 27.8%. While rents increased steadily, house prices have followed a more variable pattern, showing a staggering increase between the first quarter of 2015 and the third quarter of 2022; this was followed by a small drop and stabilization, before increasing again since 2024.
Eurostat said rents increased in 26 EU countries between the first quarter of 2010 and the first quarter of 2025, with the highest increases registered in Estonia (220 per cent), Lithuania (184 per cent), Hungary (124 per cent) and Ireland (115 per cent).
Greece was the only country where rent prices decreased (-11 per cent).
Average house prices in Ireland have risen by just over 80 per cent, which is higher than an EU average of 57.9 per cent.
Eurostat said that house price and rents in the EU followed a similar pattern between 2010 and Q2 2011 but have since evolved differently. While rents have increased steadily, house prices have followed a more variable pattern, showing a staggering increase between Q1 2015 and Q3 2022, followed by a small drop and stabilisation, before increasing again since 2024.
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